Tongan pound

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The pound was the currency of Tonga until 1967. It was subdivided into 20 shillings, each of 12 pence.

Contents 1 History 2 Banknotes 3 See also 4 References 5 External links

[edit] History

Initially, British currency circulated. This was supplemented, from 1921, by banknotes issued by the Tongan government. The notes were marked as sterling and included the rather unusual 4 shillings denomination. In 1936, the Tongan pound was devalued to 1.25 Tongan pounds = 1 pound sterling, thus setting the Tongan pound equal to the Australian pound, which had already devalued. Later issues of banknotes had the word "sterling" crossed out, then removed all together. In 1967, the pound was replaced by the pa'anga at a rate of 1 pound = 2 pa'anga.

[edit] Banknotes

In 1921, 5 pounds notes were introduced, followed, in 1933, by notes for 4 and 10 shillings and 1 pound. These four denominations were issued until 1966.

[edit] See also

• Economy of Tonga

[edit] References

[edit] External links

• Ron Wise's World Paper Money - Tonga ^{Mirror site}
• Tables of Modern Monetary Systems by Kurt Schuler - Tonga ^{Mirror site}
• The Global History of Currencies - Tonga
• Global Financial Data currency histories table ( Microsoft Excel format)